Best Buy executive chairman to step down
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FILE PHOTO: A customer enters a Best Buy store on a snowy day in Boulder, Colorado March 3, 2015. REUTERS/Rick Wilking
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(Reuters) - Retailer Best Buy Co Inc (NYSE: BBY) said on Wednesday Executive Chairman Hubert Joly would step down and will not stand for re-election at the shareholder meeting on June 11.
Joly, a restructuring expert and former chief executive officer of the company, had played a role in reviving falling same-store sales at the retailer.
(Reporting by Shradha Singh in Bengaluru; Editing by Krishna Chandra Eluri)
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